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Author Topic: What will happen if we use a one currency only?  (Read 19047 times)
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June 14, 2017, 09:21:34 PM
 #241

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy

I think that in the world today if we where to all agreeable use one currency that it would either be the yen or China would not be too happy. The whole world's debt would have to converted into one and than so would all of the liquid cash so everyone would have to agree on an exchange rate which everyone couldn't.

I think if this happened it would cause bitcoin prices to go up because its decentralized; however, if the whole world adapts bitcoins something would have to be done about the current high network fees


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June 15, 2017, 02:50:19 AM
 #242

If we use only one currency around the world it would be very good for a poor country, but it would be very bad for rich countries, because rich countries should share money to stabilize the currency. Such as the euro, rich countries like the UK do not want to use the euro because it would harm the UK
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June 15, 2017, 02:55:25 AM
 #243

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy

If it's happen,  I think world economy could be better because no more fiat trading. I also think that no more economical crisis in the world. I am sure that time will happen,  probably we only use gold as money like in the past.

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June 15, 2017, 03:01:33 AM
 #244

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy

If it's happen,  I think world economy could be better because no more fiat trading. I also think that no more economical crisis in the world. I am sure that time will happen,  probably we only use gold as money like in the past.
I disagree, we need fiat more than bitcoin and it is better if both will exist. You cannot change the norms in this world as
in the end it is still the government who will win and their decision must be followed to avoid problem.

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June 15, 2017, 07:47:31 AM
 #245

Maybe that will happen world economy will be destroyed, currency spread is not balanced then inflation in the country that gets the least currency, so it is very important for each country to have its own currency.
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June 15, 2017, 08:37:35 AM
 #246

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy

If it's happen,  I think world economy could be better because no more fiat trading. I also think that no more economical crisis in the world. I am sure that time will happen,  probably we only use gold as money like in the past.
I disagree, we need fiat more than bitcoin and it is better if both will exist. You cannot change the norms in this world as
in the end it is still the government who will win and their decision must be followed to avoid problem.

The main reason of bitcoin not to become the world currency is the circulation limited and the population are high so how do you think that if only bitcoin is a single currency , how will it get circulated among the public and how will it work. Till this all questions are not solved Fiat currency will be ruling it

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June 15, 2017, 09:22:15 AM
 #247

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy

If it's happen,  I think world economy could be better because no more fiat trading. I also think that no more economical crisis in the world. I am sure that time will happen,  probably we only use gold as money like in the past.
I disagree, we need fiat more than bitcoin and it is better if both will exist. You cannot change the norms in this world as
in the end it is still the government who will win and their decision must be followed to avoid problem.

The main reason of bitcoin not to become the world currency is the circulation limited and the population are high so how do you think that if only bitcoin is a single currency , how will it get circulated among the public and how will it work. Till this all questions are not solved Fiat currency will be ruling it

It is certainly not the main reason

In fact, it is not even a secondary or minor reason (read no reason at all). It doesn't matter how much money there is in the economy since prices will eventually rebalance themselves given the available supply of money tokens. Bitcoin is infinitely divisible, so there will always be enough coins for everyone whatever value or price Bitcoin might have. Bitcoin's major drawback right now is lack of scalability, and this is the major technical reason why it can't replace fiat
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June 15, 2017, 10:02:23 AM
 #248

If we use one currency only, we should have a world government. The word of sovereignty had never emerged in the absence of political units, international organizations and countries.

and of course there not much business available especially for foreign exchange trader.

nothing good or could make world better when we have to use a single currency. let it be like this , bitcoin indeed have considered as global currency but it is doesn't mean other currency should not be used and abandoned right?

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June 15, 2017, 10:23:40 AM
 #249

If we use one currency only, we should have a world government. The word of sovereignty had never emerged in the absence of political units, international organizations and countries.

and of course there not much business available especially for foreign exchange trader.

nothing good or could make world better when we have to use a single currency. let it be like this , bitcoin indeed have considered as global currency but it is doesn't mean other currency should not be used and abandoned right?
One currency system will surely cause a downfall in economy of most of the countries, and only a very few countries will be profited. Because based on the money value different corporates make investment into respective countries. But when everything is same the investment gets dungen in the same country.




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June 15, 2017, 10:44:41 AM
 #250

If we use one currency only, we should have a world government. The word of sovereignty had never emerged in the absence of political units, international organizations and countries.

and of course there not much business available especially for foreign exchange trader.

nothing good or could make world better when we have to use a single currency. let it be like this , bitcoin indeed have considered as global currency but it is doesn't mean other currency should not be used and abandoned right?
One currency system will surely cause a downfall in economy of most of the countries, and only a very few countries will be profited. Because based on the money value different corporates make investment into respective countries. But when everything is same the investment gets dungen in the same country.
Correct the economy of one country is the basis if that country is having good economy and you will see on the currency of its country, that is why for me using one currency is not ideal because we do not determine which country has need to be funded or which country are most powerful economy.
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June 15, 2017, 11:17:29 AM
 #251

It is impossible to have one currency for all countries. The winner will be the one who controls the currency. Very often to heat up the economy using monetary emission. How can this be achieved if other countries are not profitable.
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June 15, 2017, 12:58:36 PM
 #252

If it's happen,  I think world economy could be better because no more fiat trading. I also think that no more economical crisis in the world. I am sure that time will happen,  probably we only use gold as money like in the past.
Lets take the case of Euro and Greece,hope you know what happens,if a country is in economic trouble you really cannot do much,you have to either support them or just leave them,so it is just not possible even it theories.
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June 15, 2017, 01:48:10 PM
 #253

If we will treat bitcoin as an example for this kind of question then we can say that it will be a very huge help for bitcoin to goes up very high and breaks a lot of ATH prices and make some more. The power of having one currency only is by the demand that can make things crazier than before like if we will use bitcoin only.


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June 15, 2017, 01:59:24 PM
 #254

Globalization is coming. I think one currency and maybe even one language is the future of humanity. Today we have no idea how will it work and will it work at all, but I'm sure it will happen.

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June 15, 2017, 04:49:25 PM
 #255

Globalization is coming. I think one currency and maybe even one language is the future of humanity. Today we have no idea how will it work and will it work at all, but I'm sure it will happen.
Maybe there will be one language in the future and I think it will be English but what's similarity between bitcoin amd what you said? Do you mean that bitcoin will be only one currency? I highly doubt because at first we measure bitcoin's price in $ so usd will be main currency and nearly everything goes like that and rise of usd caused fall of other currencies so it means usd plays main role.

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June 15, 2017, 05:07:57 PM
 #256

Globalization is coming. I think one currency and maybe even one language is the future of humanity. Today we have no idea how will it work and will it work at all, but I'm sure it will happen

As to me, that's unlikely

Right now, mastering a few languages gives you a competitive edge against the rest of the pack, and having a few coins (carefully chosen) would be pretty much like this. It just gives you more flexibility and reliability. Indeed, you shouldn't be blind in choosing which coin to save your wealth in as well as which language to learn. If English is not your mother tongue, your choice should be rather straightforward, otherwise there can be options
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June 15, 2017, 05:25:00 PM
 #257

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy

Not supported if countries are going to be the same geographical cut outs. If every country is more concerned to its own need than universal brotherhood then one currency can bring danger to national security and growth. People may fraudulently enter into more malpractices and laundering without any check. Yes, without recognizing any currency as international and using any currency secondary globally then it coould bring positive returns as it would has nothing to do with national concern like BITCOIN
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June 15, 2017, 08:58:12 PM
 #258

The whole world using one currency will be a sign of the end of this world. In bible in the book of revelation john actually put this down. From beginning I thought that that is what is about to happen but with the advent of others coins like ethereum and litecoin I think we still have long time to go.


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June 15, 2017, 09:37:35 PM
 #259

It is impossible to have one currency for all countries. The winner will be the one who controls the currency. Very often to heat up the economy using monetary emission. How can this be achieved if other countries are not profitable.

Yeah the winner will be the corrupt officials that eyeing for the money. It will be a confusion to everyone in the world.
World economy will be down. Countries who are rich will become more richer and the poor countries will become more and more poorer.
What the world is that. I don't want to happen that thing. That's totally insane.


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June 15, 2017, 10:53:17 PM
 #260

I think the world will be better if there is only one currency left. But it will not gonna happen so we do not need to think about it too much and waste our precious time. The world will still have more 1 currency

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